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The Hindu
The Hindu
National
The Hindu Bureau

RBI hikes UPI transaction limit for hospitals and educational institutions

RBI Shaktikanta Das Reserve Bank of India

The Reserve Bank of India raised the Unified Payments Interface (UPI) payment limits for hospitals and educational institutions from ₹1 lakh to ₹5 lakh per transaction. The announcement was made by Governor Shaktikanta Das while unveiling the December bi-monthly monetary policy.

“The enhanced limit will help consumers make UPI payments of higher amounts for education and healthcare purposes,” he said.

 E-mandates for recurring transactions

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